Morgan Stanley Reinstates Overweight on Cisco Systems, Announces $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall reinstated Cisco Systems (CSCO) with an Overweight rating and set a price target of $58.
April 09, 2024 | 10:42 am
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Morgan Stanley analyst Meta Marshall reinstated Cisco Systems with an Overweight rating and set a price target of $58.
The reinstatement of Cisco Systems by Morgan Stanley with an Overweight rating and a significant price target of $58 suggests a positive outlook on the company's future performance. This endorsement by a major financial institution could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100